HP Challenges Dell Acquisition of 3PAR
Palo Alto-based HP is challenging the acquisition of 3PAR by Dell, saying today that it is offering up $24.00 per share in cash to acquired 3PAR. The proposal, which places the worth of 3PAR at roughly $1.6 billion, is 33.3 percent higher than the price proposed by Dell on August 16th. HP said that its proposal "offers superior value" to 3PAR's shareholders. 3PAR is a developer of storage virtualization technology used in virtualized data centers and in cloud computing. Dell had originally offered to pay approximately $1.15 billion for 3PAR.
posted on Monday, August 23, 2010
Related companies:
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Related stories:
> Dell Trumps HP On 3PAR Bid
> HP Counters Dell With $2.0 Billion Offer For 3PAR
> 3PAR Accepts HP's $33 Per Share Offer, Dell Withdraws
> 3PAR Gets Matched Offer From Dell, at $1.8 Billion
> 3PAR Acquired By Dell
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